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EXCLUSIVE-Nvidia Preparing Groq Chips That Can Be Sold in Chinese Market, Sources Say
SAN JOSE, California, March 17 (Reuters) - Nvidia is preparing a version of its Groq artificial-intelligence chips that can be sold to the Chinese market, two sources familiar with the matter told Reuters on Tuesday.Reuters
Wed, Mar 18
US STOCKS-Wall Street Ends up as Traders Turn to Fed
March 17 (Reuters) - Wall Street ended higher on Tuesday, with gains in Delta Air Lines and other travel stocks, while the Federal Reserve began its two-day policy meeting amid investors' worries about high oil prices and the Middle East conflict.Reuters
Wed, Mar 18
Hassett Speaks Repeatedly to Reassure Markets, Three Major US Stock Index Futures Continue to Rise
TradingKey - At 9:30 AM ET, the three major U.S. stock index futures opened lower but trended higher. Hassett previously stated that oil tankers "have begun to pass sporadically" through the Strait of Hormuz, and the scale of a globally coordinated release of strategic petroleum reserves could be expanded if necessary.
Qualcomm Rises More Than 2% Pre-Market, Approves $20 Billion Stock Buyback Plan and Raises Dividend
TradingKey - Boosted by its capital return plan, Qualcomm (QCOM.US) rose over 2% in pre-market trading. The company announced that its board of directors has approved a $20 billion share repurchase program and simultaneously raised its quarterly dividend from $0.89 to $0.92 per share, signaling a commitment to enhancing shareholder returns.
TradingKey
Tue, Mar 17
'Chip Shortage' About to Sweep the Globe? Samsung Faces Largest Strike in History.
TradingKey - According to a Reuters report on March 17, the National Samsung Electronics Union (NSEU) launched a 10-day strike ballot last week. Approximately 90,000 union members are eligible to vote, representing the vast majority of Samsung’s 125,000 employees in South Korea. The voting results are expected to be released this Wednesday.TradingKey
Tue, Mar 17
Bitcoin Returns To Full Bull Mode: Key Indicators Signal Bottom And Major Relief Rally
Bitcoin (BTC) has briefly surpassed the critical resistance level of $74,000, generating renewed optimism among investors as key market indicators suggest the potential for a bottom and further recovery for the leading cryptocurrency.
NewsBTC
Tue, Mar 17
Prices Rise as Attacks in Middle East and LNG Supply Fears Continue
By Nina Chestney LONDON, March 17 - Benchmark Dutch wholesale gas prices rose on Tuesday morning, in line with the crude oil market, as the U.S.-Israeli war on Iran continued and with little prospect of unlocking oil and gas exports through the Strait of Hormuz in the short term.The benchmark Dut...Reuters
Tue, Mar 17
Copper Falls as Higher Oil Prices Fan Fears Over Inflation, Growth
March 17 (Reuters) - Copper flipped into the red on Tuesday as Iran launched fresh attacks on U.S. allies in the Gulf region in the third week of the war, pushing up oil prices and fanning fears over growth and inflation.The most-active copper contract SCFcv1 on the Shanghai Futures Exchange decline...Reuters
Tue, Mar 17
Australia central bank hikes rates to 10-month high as Iran war stokes inflation risk
RBA hike comes in a tight vote, but difference more about timingPolicy meeting held against the backdrop of Iran war, oil spikeRBA warns Middle East war could add to inflationary pressuresBy Stella Qiu and Wayne Cole SYDNEY, March 17 (Reuters) - Australia's central bank raised rates for a sec...Reuters
Tue, Mar 17
Google in Talks with China's Envicool, Others to Buy Data Centre Cooling Systems, Sources Say
BEIJING/SINGAPORE, March 17 (Reuters) - Alphabet's Google GOOGL.O is in talks with Envicool 002837.SZ and other Chinese firms about buying liquid cooling equipment for data centres, according to people with knowledge of a visit to China by one of the U.S. firm's procurement teams.Reuters
Tue, Mar 17
Gold Firms as Investors Assess Middle East Fallout Ahead of Policy Decisions
March 17 (Reuters) - Gold prices edged higher on Tuesday, buoyed by easing fears of prolonged disruptions to oil shipments, while investors assessed the economic impact of the Middle East conflict ahead of a slew of central bank policy decisions this week.Reuters
Tue, Mar 17
US Government Confirms Tesla and Lg Energy Solution's $4.3 Billion Battery Deal
WASHINGTON, March 16 (Reuters) - The U.S. government on Monday said electric vehicle maker Tesla (TSLA) and South Korea's LG Energy Solution (373220.KS) had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, MichigReuters
Tue, Mar 17
Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
By Hyunjoo Jin March 17 (Reuters) - Shares of Samsung Electronics 005930.KS rose as much as 5% on Tuesday after Nvidia NVDA.O CEO Jensen Huang said the South Korean company was producing Nvidia's new artificial intelligence chips. The news fuelled expectations that Samsung's foundry di...Reuters
Tue, Mar 17
US-Iran-Israel Tensions, International Crude Oil Prices Surge in Early Trading
TradingKey - At 8:30 AM Beijing Time, international crude oil prices surged, with WTI crude futures breaking above $95 per barrel and Brent crude futures climbing to $102 per barrel. Intraday gains expanded to 1.4%, as geopolitical tensions served as the primary driver for the upward movement in oil prices.TradingKey
Tue, Mar 17
Gold Steady as Investors Await Central Bank Decisions, Weigh Mideast Risks
March 17 (Reuters) - Gold prices were largely steady on Tuesday as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week.Reuters
Tue, Mar 17
